Second Periodical Examination

General Mathematics

Name: ___________________________ Score:_______________

Section:__________________ Date:________________

Direction: Write the letter of the correct answer on your answer sheet.

_______1. The original amount borrowed or invested is called the ____________.

A. Principal B. rate C. period D. interest
_______2. It is the total amount to be received or paid for a certain obligation.
A. present value B. future value C. simple interest D. compound interest
_______3. If P = ₱10 000, r = 4% annually, and t = 24 months, find the simple interest.
A. ₱500 B. ₱600 C. ₱700 D. ₱800
_______4. If P = ₱10 000, r = 4% annually, t = 24 months, find the maturity value.
A. ₱10 500 B. ₱10 600 C. ₱10 700 D. ₱10 800
_______5. How is compound interest different from simple interest?
A. Compound interest results in increasing interest after each period while simple interest
results in equal interest due every period.
B. Compound interest is used only by banks and financial institutions while other companies
use simple interest.
C. Compound interest is not different from simple interest. They are synonymous.
D. Compound interest is not widely used by financial institutions because it is harder to
calculate than simple interest.
_______6. Find the interest rate per conversion period if the amount is compounded quarterly at 20%
interest.
A. 1% B. 3% C. 5% D.20%
_______7. Find the total number of conversion periods in the entire transaction time if the transaction is
compounded monthly in seven years.
A. 75 B.79 C. 84 D. 90
_______8. Find the compound amount if ₱8 500 is invested at 12% compounded semi-annually for
three years.
A. ₱10 000 B. ₱12 500.56 C. ₱12 057.41 D. ₱16 000.41
_______9. Melissa will get a compounded amount from her educational plan worth ₱20 620.61 in 15 years
at 12% compounded quarterly. What was the amount in the beginning?
A. ₱3 000.90 B. ₱3 500 C. ₱4 000.90 D. ₱4 500
_______10. It is a sequence of equal periodic payments which are made at equal intervals of time.
A. Annuity B. amortization C. compound interest D. simple interest
_______11. It is an annuity in which the payment interval is equal to the compounding period.
A. compound annuityB. general annuity C. present annuity D. simple annuity
_______12 Which of the following is the formula for the present value of an ordinary annuity?.
A. P=R ¿] C. P=R ¿ ¿
B. P=R ¿] D. P=R ¿ ¿
_______13. A payment of ₱100 will be paid at the end of each three months at 8% interest compounded
quarterly for 10 years. Find its accumulated value.
A. ₱9040.20 B. ₱10 040.20 C. ₱11 040.20 D. ₱6040.20
_______ 14. An argument which is not valid is called a _____________.
A. fallacy B. tautology C. proposition D. disjunction
_______15. Marvin has a monthly mortgage of  ₱1200 for five years in a bank which earns interest at
6% compounded semi-annually. How much mortgage will he pay at the end of five years?
A. ₱13 756.66 B. ₱27 718.14 C. ₱28 718.14 D.₱27 718.66

_______16. All frogs can jump, Grasshopper can jump therefore grasshopper is a frog.
 A. fallacy B. tautology C. proposition D. valid argument
_______17. It is an annuity in which the payment interval is different from the compounding period.
A. future value B. payment interval C. simple annuity D. general annuity
_______18. It refers to a single amount that is a substitute for the cash flow stream.
A. fair market value B. pair market value C. fare market value D. peer market value
_______19. This refers to payments that can either be inflows or outflows.
A. fair market B. economic value C. cash flow D. present value
_______20. It is a valid argument that satisfies the truth condition.
A. syllogism B. sound argument C. categorical D. none of them
_______21. It is an annuity in which the first payment interval is not made at the beginning nor end of the
payment interval but at a later date..
A. compound annuity C. deferred annuity
B. present annuity D. simple annuity
_______22. Richard bought a car and agreed to pay ₱20 000at the end of each 3 months for 10
years, deferred for 18 months. If money is worth 8% compounded quarterly, find the cash
price of the car.
A. 485 817.65 B. ₱585 817.65 C. ₱647 109.58 D. ₱514 109.58
_______23. If money is deferred for 30 months and the money is compounded quarterly, what is the period
of deferral?
A. 5 B. 10 C. 15 D. 20
_______24. To have ownership or share to a company is to have −−−−−−−−−−−−.
A. Bonds B. debt C. mortgage D. stocks
_______25. In p →q, the only false is when _________.
A. p is True and q is True C. p is False and q is False
B. p is True and q is False D. p is False and q is True
_______26. Which of the following describes bonds?
A. Bonds are debt security which authorized guarantor owes the holders.
B. Bonds are equity where an individual is buying an actual share of the company.
C. Bonds are issued by a corporation or joint-stock companies.
D. Bonds make an individual to be a part-owner of a company.
_______27. This is a place where you can buy or sell stocks publicly from different listed companies.
A. dry market B. marketplace C. stock market D. wet market
_______28. It is a loan that banks and other lenders extend to people for personal or household use.
A. consumer loan B. business loan C. housing loan D. vehicle loan
_______29. T ⋀ Fis ___________.
A. False B. True C. cannot be determinedD. fallacy
_______30. In the loan payment formula, what does R stand for?
A. periodic payment B. present value C. rate of interest D. term
_______31. A loan of ₱10 000 is to be charged by equal payments at the end of each year for six
years. If the interest is based on 5% compounded annually, what is the amount of the periodic
payment?
A. ₱1970.17 B. ₱1870.17 C. ₱1980.17 D. ₱1971.17
_______32. Find the converse of p →q .
A. p →q B. q→ p C. ∼ p →∼ q D. ∼ q → ∼ p
_______33. Which of the following illustrates simple proposition?
A. It is raining, and the sun is shining. C. It is raining, but the sun is shining.
B. It is raining, then the sun is shining. D. It is raining.
_______34. The ___________  of two statements is true only if each component is true.
A. Conjunction B. conditional C. disjunction D. negation
_______ 35. It shows the truthfulness or falsity of a statement..
A. Conjunction B. conditional C. disjunction D. truth table

_______36. Which of the following is a compound proposition?

 A. Jordan is tall. C. It is raining.
B. Who are handsome? D. It is raining, and I am wet.
_______37. It is a declarative sentence which is true or false but not both.
A. argument B. fallacy C. proposition D. tautology
_______38. Which of the following can be the symbol for the proposition “Roses are red and violets are
blue?”
A. p →q B. p ↔q C. p ∨q D. p ∧q
_______39. p: Mario is studying Statistics.
q: Mario is studying Algebra.
Which of the following will be the correct propositional statement of  p ∨q?
A. Mario is studying Statistics. C. Mario is studying Algebra.
B. Mario is studying Statistics and Algebra. D. Mario is studying Statistics or Algebra.
_______40. Write in symbol: I will join if and only if you will join.
A. p∧ q B. p ∨q C. p →q D. p ↔q
_______41. If  p is false, what is the truth value of ∼p?
A. true C. false
B. C. Cannot be determined D. Not enough information
_______42. If p is true and q is false, what is the truth value of  p ∧∼q?
A. true C. false
B. Cannot be determined D. Not enough information
_______43. It is a relationship between two propositions where their truth tables are identical.
A. biconditional C. conditional
B. Logical equivalence D. negation
_______44. It is a proposition in the form “if p then q”.
A. conjunction B. conditional C. disjunction D. negation
_______45. Which of the following are logically equivalent?
A. p ∨q∧q ∧ p C. q → p∧ p → q
B. ( p ∧q )∧(q ∧ p) D. p →q∧¿)
_______46. Let p: The soup is tasty.
q: The soup is too hot.
Express the proposition “The soup is tasty if and only if it is not too hot” in symbols.
A. p →∼q B. p ↔∼q C. p ∨∼q D. p ∧∼q
_______47. The symbol p ∨q has a proposition,
A. Today is Wednesday, and tomorrow is not Wednesday.
B. If today is raining, then tomorrow is sunny day.
C. Today is cloudy or today is windy.
D. Today is windy if and only if it is cloudy.
_______48. If p is true and q is false, what is the truth value of p∨q?
A. True C. false
B. not enough information D. cannot be determined
_______49. The proposition “If it is not rainy, then it is sunny” is a __________statement.
A. Conjunction B. conditional C. disjunction D. negation
_______50. It is an argument that establishes a true statement.
A. proof B. indirect C. direct D. methods